Published on 6/28/2018 in the Prospect News Structured Products Daily.
New Issue: Barclays sells $1.16 million 4.75% buffered notes tied to Russell 2000
By Sarah Lizee
Olympia, Wash., June 28 – Barclays Bank plc priced $1.16 million of 4.75% buffered notes due June 30, 2025 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
Interest is payable quarterly.
If the index return is at least negative 15%, the payout at maturity will be par.
If the index falls by more than 15%, investors will lose 1% for every 1% decline beyond the buffer.
Barclays is the agent.
| Issuer: | Barclays Bank plc
|
| Issue: | Buffered notes
|
| Underlying index: | Russell 2000
|
| Amount: | $1,158,000
|
| Maturity: | June 30, 2025
|
| Coupon: | 4.75%, payable quarterly
|
| Price: | Par
|
| Payout at maturity: | If index return is at least negative 15%, par; otherwise, 1% loss for every 1% decline beyond 15%
|
| Initial index level: | 1,668.53
|
| Pricing date: | June 26
|
| Settlement date: | June 29
|
| Agent: | Barclays
|
| Fees: | 3.75%
|
| Cusip: | 06746XDL4
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
